Dynamic Technology Lab Private Ltd Purchases Shares of 25,625 Alliant Energy Corporation $LNT

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Alliant Energy Corporation (NASDAQ:LNT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,625 shares of the company’s stock, valued at approximately $1,666,000.

Several other institutional investors have also added to or reduced their stakes in LNT. Magellan Asset Management Ltd boosted its position in Alliant Energy by 802.8% during the third quarter. Magellan Asset Management Ltd now owns 1,553,695 shares of the company’s stock valued at $104,735,000 after buying an additional 1,381,593 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Alliant Energy during the second quarter valued at about $82,265,000. Reaves W H & Co. Inc. boosted its position in Alliant Energy by 71.8% during the fourth quarter. Reaves W H & Co. Inc. now owns 3,057,253 shares of the company’s stock valued at $198,752,000 after buying an additional 1,278,166 shares during the period. Cohen & Steers Inc. boosted its position in Alliant Energy by 41.7% during the fourth quarter. Cohen & Steers Inc. now owns 3,614,890 shares of the company’s stock valued at $235,004,000 after buying an additional 1,063,268 shares during the period. Finally, Jennison Associates LLC boosted its position in Alliant Energy by 92.5% during the fourth quarter. Jennison Associates LLC now owns 1,805,214 shares of the company’s stock valued at $117,357,000 after buying an additional 867,256 shares during the period. 79.90% of the stock is currently owned by hedge funds and other institutional investors.

Alliant Energy Stock Performance

Alliant Energy stock opened at $73.11 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.53 and a debt-to-equity ratio of 1.48. The firm has a 50-day moving average of $72.42 and a 200-day moving average of $69.62. The firm has a market cap of $18.88 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.96 and a beta of 0.56. Alliant Energy Corporation has a 1-year low of $59.62 and a 1-year high of $75.76.

Alliant Energy (NASDAQ:LNT) last posted its earnings results on Thursday, April 30th. The company reported $0.82 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.82. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.08 billion. Alliant Energy had a net margin of 18.58% and a return on equity of 11.37%. Alliant Energy’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.83 earnings per share. Alliant Energy has set its FY 2026 guidance at 3.360-3.460 EPS. Sell-side analysts expect that Alliant Energy Corporation will post 3.43 EPS for the current year.

Alliant Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, April 30th were issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Thursday, April 30th. Alliant Energy’s dividend payout ratio is currently 67.08%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LNT shares. Wells Fargo & Company restated an “overweight” rating and set a $76.00 price target on shares of Alliant Energy in a research report on Tuesday, April 21st. Barclays set a $74.00 price target on shares of Alliant Energy and gave the company an “equal weight” rating in a research report on Wednesday, April 15th. Mizuho set a $76.00 price target on shares of Alliant Energy in a research report on Monday, May 4th. Scotiabank restated a “sector perform” rating and set a $74.00 price target (up from $72.00) on shares of Alliant Energy in a research report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Alliant Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 9th. Nine equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $76.60.

About Alliant Energy

Alliant Energy Corporation (NASDAQ: LNT) is a publicly traded energy holding company headquartered in Madison, Wisconsin, that provides regulated electric and natural gas utility services in the American Midwest. The company serves customers primarily in Wisconsin and Iowa through its regulated utility subsidiaries and operates as an integrated provider responsible for generation, transmission and distribution of energy to residential, commercial and industrial customers.

Alliant Energy’s core activities include operating and maintaining electric generation assets, managing the regional transmission and distribution network, and delivering natural gas service to its franchise territories.